FORM NL-23 : Reinsurance Risk Concentration | |||||||
Insurer: General Insurance Corporation Of India | Date- 01.04.2021 to 30.06.2021 | ||||||
Name of the RI Programme - Agriculture RI | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | 0 | |||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | 17 | 4,345.10 | 14.18% | |||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 31 | 3,352.88 | 18,103.05 | 70.00% | ||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 7 | 3,252.63 | 10.61% | |||
5 | Reinsurer's with rating less than BBB | 2 | 105.97 | 0.35% | |||
6 | Govt. Companies (Domestic & Foreign) | 5 | 1,489.51 | 4.86% | |||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | 62 | 3,352.88 | 27,296.26 | 100.00% | |||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Aviation | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | 0 | 0.00 | 0.00 | 0.00 | ||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | 1 | 0.00 | 120.69 | 0.00 | 3.47% | |
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 23 | 0.00 | 2993.28 | 0.00 | 86.10% | |
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 7 | 0.00 | 306.20 | 0.00 | 8.81% | |
5 | Reinsurer's with rating less than BBB | 2 | 0.00 | 58.63 | 0.00 | 1.69% | |
6 | Govt. Companies (Domestic & Foreign) | 2 | -4.63 | 0.00 | 0.00 | -0.13% | |
7 | Pools | 1 | 0.00 | 2.43 | 0.00 | 0.07% | |
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | 0 | 0.00 | 0.00 | 0.00 | ||
Total | 36 | -4.63 | 3481.23 | 0.00 | 100.00% | ||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Credit Re | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | NIL | |||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | ||||||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | ||||||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | - | ||||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Engineering | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | 0 | - | - | - | ||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | 0 | - | - | - | 0.00% | |
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 1 | - | - | 251.36 | 3.10% | |
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 0 | - | - | - | ||
5 | Reinsurer's with rating less than BBB | 0 | - | - | - | 0.00% | |
6 | Govt. Companies (Domestic & Foreign) | 2 | 2,742.46 | 33.83% | |||
7 | Pools | 0 | - | - | - | ||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | 8 | - | - | 5,112.89 | 63.07% | |
Total | 11 | - | - | 8,106.71 | 100.00% | ||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Property Domestic Business | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | ||||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | 3 | 4,982.00 | 52.75% | |||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 9 | 1,553.73 | 145.02 | 2,725.31 | 46.85% | |
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | ||||||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | 2 | 37.94 | 0.40% | |||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | 14 | 1,553.73 | 182.96 | 7,707.31 | 100.00% | ||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Health | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | NIL | |||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | ||||||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | ||||||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | |||||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Liability | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | NIL | |||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | ||||||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | ||||||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | |||||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Life Re - Proportional | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | ||||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 1 | - | 50% | |||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | ||||||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | |||||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Combined Marine & Energy XL, International Hull & Cargo XL | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | ||||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | 9 | 432.92 | 9.95% | |||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 43 | 3,815.59 | 87.73% | |||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 4 | 100.91 | 2.32% | |||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | 56 | - | 4,349.42 | - | 100.00% | ||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Miscellaneous | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | NIL | |||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | ||||||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | ||||||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | |||||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Domestic Non-marine Risk cum CAT XOL (Excl. spec Retro) | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA |
|
| ||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | 3 | 9,568.19 | 39.25% | |||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 47 | 11,173.75 | 45.83% | |||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 23 | 3,132.39 | 12.85% | |||
5 | Reinsurer's with rating less than BBB | 4 | 276.84 | 1.14% | |||
6 | Govt. Companies (Domestic & Foreign) | 1 | 34.95 | 0.14% | |||
7 | Pools | 1 | 194.11 | 0.80% | |||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | 79 | 24,380.23 | 100.00% | ||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Non Marine Foreign Programme | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | ||||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | 1 | 0.09 | 25.00% | |||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 14 | 0.21 | 58.33% | |||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 8 | 0.04 | 11.11% | |||
5 | Reinsurer's with rating less than BBB | 1 | 0.01 | 2.78% | |||
6 | Govt. Companies (Domestic & Foreign) | 2 | 0.01 | 2.78% | |||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | 26 | 0.36 | 100.00% | ||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Nuclear Pool | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | NIL | |||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||
3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | ||||||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | ||||||
5 | Reinsurer's with rating less than BBB | ||||||
6 | Govt. Companies (Domestic & Foreign) | ||||||
7 | Pools | ||||||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | |||||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
Name of the RI Programme - Property Foreign [ Hannover K Quota, GIC Re Syndicate, FAIR NAT CAT POOL] | (₹ in Lakhs) | ||||||
S.No | Reinsurance Placement | No. of Reinsurers | Premium Ceded to Reinsurers (INR Lakhs) | Premium Ceded to Reinsurers (%) | |||
Proportional | Non-Proportional | Facultative | |||||
1 | Reinsurer's with rating of AAA | ||||||
2 | Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA) | ||||||
*3 | Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A) | 1 | 0.13 | 20.00% | |||
4 | Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB) | 1 | -7.35 | 15.00% | |||
5 | Reinsurer's with rating less than BBB | ||||||
**6 | Govt. Companies (Domestic & Foreign) | 2 | -4.86 | 29.56% | |||
***7 | Pools | 1 | 145.55 |
| |||
8 | Other Domestic Cos. (Pvt. Domestic Cos.) | ||||||
Total | 133.47 | ||||||
(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale) | |||||||
(Premium information is extracted from system) | |||||||
*Note 1: Syndicate 1947 share is 20% of GIC Share on ceded treaties for 2020-21 year. | |||||||
**Note 2: | |||||||
For K Quota 2021, GIC Gross participation is 3.1982% with National 0.3893% and United 0.5562% of 100%. | |||||||
ie: USD 7m (National) and USD 10m (United India) totalling USD 17m retro participation of GIC Gross participation USD 57,503,780. | |||||||
This results in 29.56327% of our share retroceded. | |||||||
** including Reinstatement premium for New India Sydney retro of 0.12 lac | |||||||
*** | |||||||
4 different treaties from China ceded to FAIR NAT CAT Pool for different percentage of cession. | |||||||
Total 5 treaties ceded to the FAIR NAT CAT Pool | |||||||